DNB Bank ASA (OTCMKTS: DNBBY) sees significant drop in short-term interest
DNB Bank ASA (OTCMKTS: DNBBY) recorded a sharp drop in short-term interest in December. As of December 15, there was short interest totaling 3,300 shares, down 87.6% from the total of 26,700 shares as of November 30. Based on an average daily trading volume of 133,600 shares, the short-term interest ratio is currently 0.0 days.
DNB Bank ASA shares traded up $ 0.01 on Monday, reaching $ 22.95. The stock had a trade volume of 22,500 shares, compared to its average volume of 88,297. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt ratio of 3. 20. The stock has a market cap of $ 35.58 billion, a PE ratio of 13.04 and a beta of 1.44. The company’s 50-day mobile average price is $ 23.29. DNB Bank ASA has a one-year low at $ 18.78 and a one-year high at $ 25.91.
DNB Bank ASA (OTCMKTS: DNBBY) last reported its results on Thursday, October 21. The company reported earnings per share (EPS) of $ 0.49 for the quarter, beating analyst consensus estimates of $ 0.44 by $ 0.05. The company posted revenue of $ 1.64 billion for the quarter, compared to analysts’ estimates of $ 1.59 billion. DNB Bank ASA had a net margin of 38.19% and a return on equity of 9.84%. As a group, equity research analysts predict that DNB Bank ASA will post earnings per share of 1.79 for the current year.
The company also recently announced a dividend, which was paid on Monday, November 15. Shareholders of record on Monday, November 1 received a dividend of $ 2.0629 per share. The ex-dividend date was Friday October 29. This represents a dividend yield of 8.05%. DNB Bank ASA’s dividend payout ratio (DPR) is currently 89.77%.
Several research analysts recently commented on the title. Deutsche Bank Aktiengesellschaft raised the shares of DNB Bank ASA to a “hold” rating in a research note on Monday 11 October. Credit Suisse Group raised its price target for DNB Bank ASA shares from 190.00 to 200.00 and assigned the company a “neutral” rating in a research report published on Friday, October 22. SEB Equities upgraded DNB Bank ASA shares from a âholdâ rating to a âbuyâ rating and set a price target of 224.00 on the stock in a research report published on Wednesday, September 8. Barclays raised DNB Bank ASA shares to an “underweight” rating and raised its target price for the company from 179.00 to 186.00 in a research report published on Monday 6 December. Finally, JPMorgan Chase & Co. raised its target price for DNB Bank ASA shares from 195.00 to 205.00 and assigned the company a “neutral” rating in a research report published on Wednesday, October 27. One research analyst rated the stock with a sell rating, five assigned a conservation rating, and two assigned a buy rating to the company. Based on MarketBeat data, DNB Bank ASA currently has an average âHoldâ rating and an average target price of $ 176.43.
About DNB Bank ASA
DNB Bank ASA provides financial services to individuals and businesses in Norway. The Company’s personal banking products and services include savings and investment products; loans, such as home loans, auto loans, and consumer loans; car, boat, motor vehicle, household, home, vacation home, travel and life insurance products, as well as pet insurance products for cats and dogs; retirement savings products; foreign exchange and cash; and Internet and mobile banking services, as well as cards.
Further reading: highs and lows over 52 weeks
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